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Forecast update for gold -15-05-2026.
Gold price settles with series of losses in its last trading, reaching $4,550 support, which was an expected target in our last analysis, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of sustainable recovery on near-term basis, however we notice the emergence of positive crossover on the relative strength indicators, after reaching oversold levels, which might reduce the upcoming losses due to its neediness to offload some of these oversold conditions.
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Forecast update for EURUSD -15-05-2026.
The EURUSD rose during its latest intraday trading, following the stability of the 1.1630 support level, which was our target in the morning analysis. This support provided the pair with some positive momentum, helping it recovers part of its previous losses. At the same time, the pair is attempting to ease its clearly oversold conditions shown by the relative strength indicators, especially with the beginning of a positive crossover signal.
MoreThe CHFJPY faces strong barrier– Forecast today – 15-5-2026
The pair has formed several bullish waves in recent trading, testing the 261.8% Fibonacci extension level, which acts as an important resistance at 202.20. This has forced the price into a negative pullback, stabilizing around 201.75.
MoreThe EURJPY reaches the initial target– Forecast today – 15-5-2026
The EURJPY pair formed a new bearish wave during yesterday’s trading, reaching the first target at 184.10, where it encountered the 61.8% Fibonacci retracement level before quickly rebounding toward 184.80, as shown on the attached chart.
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